Hack Attacks Are Corporate America’s Worst Nightmare

The latest big company to be hacked? Pizza Hut found itself the victim of a hack attack — alongside 60,000 customers who had their credit card info exposed.

Another week, another cybersecurity incident, it seems.

The latest big company to be hacked? According to QSR, Pizza Hut found itself the victim of a hack attack on October 1 — alongside approximately 60,000 customers who had their credit card info exposed.

The restaurant group had a 28-hour-long “temporary security intrusion.”

But whatever label we want to use, it just reinforces my point of the last two months:

Cybersecurity stocks are only just getting started.

Hack Attacks Guarantee Cybersecurity Profits

Since I first started writing about this exciting sector on August 15 (see “Cybersecurity Profits Are Hiding in the Shadows”), the sector’s been on fire. Shares of the ETFMG Prime Cyber Security ETF (NYSE: HACK), which I recommended later that month, are up more than 4%, and more than 50% since February 2016.

728x170_CanYouIdentifyRock_article
728x170_Expert-dow-surges-1000_article
728x170_2-in-1-trillion-howto-smallstake_updated-article
728X170PRL-IOT_Article_3AdsIn1_article
728x170_small-stake-net98470_article
728x170_34-Billion-payout-MattCheck-article

The latest big company to be hacked? Pizza Hut found itself the victim of hack attacks — alongside 60,000 customers who had their credit card info exposed.

Could there be larger gains ahead? I think so.

I happen to be bearish on the overall stock market at the moment. A broader sell-off may have the effect of pulling down share values in the cybersecurity sector in the short term.

But then again, when you have a potential $1 trillion flowing into the sector (as predicted by a recent study published by Cybersecurity Ventures), that’s a lot of investment money to be put to work.

While the risks of a well-thought-out hack have been well-known for years, corporate America seems to only be waking up to the nightmare possibilities now, in the wake of highly publicized news events, like this summer’s ransomware attacks and the history-making data theft on Equifax.

All that virtually guarantees that cybersecurity stocks will continue to have the “wind at their backs” for many quarters to come.

Kind regards,

Jeff L. Yastine
Editor, Total Wealth Insider

Editor’s Note: Another huge investment opportunity is precision medicine, a breakthrough that’s disrupting the $1.7 trillion health care industry. Profits Unlimited Editor Paul Mampilly has found the company that’s leading this medical revolution … and it’s set to make early investors incredibly wealthy. In fact, this stock is already up nearly 30% in just two months, with much higher gains ahead! To find out more about this innovative company, click here.